Tag Archives: economy

David Brooks Finally Lays Something Worth Knowing On the Line- Agenda 21 Green Jobs are Toast

When the “Smart Grid” is Fully Operational, Kiss 28,000 Meter Reader Jobs Goodbye

There’s a wealth of other evidence to suggest that the green economy will not be a short-term jobs machine. According to Investor’s Business Daily, executives at Johnson Controls turned $300 million in green technology grants into 150 jobs — that’s $2 million per job.
Sunil Sharan, a former director of The Smart Grid Initiative at General Electric, wrote in The Washington Post that the Smart Grid, while efficient and environmentally beneficial, will be a net job destroyer. For example, 28,000 meter-reading jobs will be replaced by the Smart Grid’s automatic transmitters.
A study by McKinsey suggests that clean energy may produce jobs for highly skilled engineers, but it will not produce many jobs for U.S. manufacturing workers. Gordon Hughes, an economist at the University of Edinburgh, surveyed the landscape and concluded: “There are no sound economic arguments to support an assertion that green energy policies will increase the total level of employment….”
Read full story here

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Andrew Klavan Explains the Facts of Life – LOL!


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Lesbian Democrat, Rosa Koire, Lays it on the Line about Agenda 21

For anyone who just “doesn’t get it,”Rosa Koire  gives a dynamite presentation that connects ALL THE DOTS!  This is a don’t miss presentation that gives vital information every American needs to understand!  I’m not kidding, this affect everyone.   For people who are fighting in public education issues, she mentions Outcome-based education about 50 minutes into it.   ~LTG


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Obama's Promise of Higher Prices Fullfilled


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Recovery. What Recovery?

Inquiring minds want to know: Why does the Obama administration insist we are in “economic recovery” when there are no signs we are?
The jobless rate rose to its highest level last month since April, at 9.8%. (Real unemployment rate is higher, in double digits.) I’m not a Bush fan, but Obamabot “Bird no doubt will still say it’s George W.’s fault!

Luca Dileo and Jeffrey Sparshott of the World Street Journal reports today, December 3, 2010:

WASHINGTON—The U.S. economy added fewer jobs than expected in November and the unemployment rate rose to its highest level since April, indicating the economic recovery remains weak 17 months after the recession ended….
The unemployment rate, which is obtained from a separate household survey, unexpectedly rose to 9.8% last month. More than 15 million people seeking work can’t get a job….
The U.S. unemployment rate has now been above 9% since May 2009, or 19 months. That matches the longest stretch at such an elevated level since World War II. In the deep recession of the early 1980s, the jobless rate crept to 9% in March 1982 and remained above that mark until September 1983.
Federal Reserve officials believe the jobless rate could still be around 9% a year from now….
The report showed 41.9% of unemployed Americans, or 6.3 million people, were out of work for more than six months in November. The longer someone is without a job, the harder it is to find work.

Read the rest of the article HERE.

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7 of 10 in All Age Groups Disapprove of Obama

The latest Harris Poll finds that Obama’s rating on the economy has fallen to its lowest level yet. The new data contains nothing but bad news for the Democrats as we approach the November 2nd elections.
73% of Americans now rate Obama negatively on the economy, compared to 71% in September, 68% in August and 64% in May. Only 30% of the public expects that the economy will improve in the next year, and only 22% believe that their own household’s finances will be better in six months time.
These are some of the results of The Harris Poll of 3,084 adults surveyed online between October 11 and 18, 2010 by Harris Interactive.
Other interesting findings include:
In addition to the large majorities of Republicans (92%) and Independents (78%) who give Obama negative ratings on the economy, fully 51% of Democrats do so, as well;
At least 7 in 10 of all generations give Obama negative ratings on the economy, including 70% of people aged 65 and over, the generation that usually has the highest turnout in mid-term elections.
Almost three-quarters (72%) of Echo Boomers (those aged 18-34) also give Obama negative ratings (and these were some of his strongest supporters during his presidential campaign);
While most people have very negative views on the economy, 30% think it will get worse — the same number as think it will get better –in the next year. 2 in 5 Americans (40%) believe that the economy will stay the same in the coming year;
Few people accept the official view that, according to the National Bureau of Economic Research, the recession ended in June 2009. Indeed, only 6% of all adults believe that the recession is over. A slender majority (54%) believes that the “recovery has started but the recession is not over” and 33% believe that the “recovery has not started.”

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What China Really Thinks About the U.S.

Human beings are prone to self-deception. Often, other people see us more clearly than we do ourselves. 
Below are excerpts of an internal document of the Chinese government which pertain to how the Chinese see the United States — which confirms the Conservative analysis of the Obama administration. The American Left are dangerously deluded: They are blind and cannot see, but they are in charge.
Save America! Vote all Democrats and RINOs out on November 2!

Internal Document Shows What China REALLY Thinks About The Rest Of The World

By Gonzalo Lira – Business Insider – Oct. 4, 2010
We all have a sense of what the Chinese are thinking about the rest of the world — but we don’t really know. Of course, they tell us what they’re thinking — but that’s as polite and meaningless as when you ask your dinner guests how’s the food: They might look green around the gills, but they’ll invariably say, “Why, it’s wonderful — thank you!”
So getting an actual document which spells out in black-and-white what the Chinese are really thinking is an eye-opener: Not so much for what it sas — which on the whole is predictable — but for the emphasis it has.
Recently, I got handed a copy of the Chinese economic evaluation of Japan, the European Union and the United States. The document was written for and by Chinese government officials who will be attending the G-20 summit in Seoul next November. This document will be the basis for their discussions with their trading partners, and outlines China’s concerns about those countries.
I wouldn’t be surprised to learn that the document was deliberately leaked—in fact, I am treating it as such. The material does not contain any sensitive or actionable information…. The document shows what the Chinese economic leadership is thinking, vis-à-vis the current economic situation of their major trading partners.
[…] Regarding the United States, the Big Kahuna: The Chinese are very worried—but they also view America with a bit of contempt.
In their very first sentence, the Chinese state that U.S. fiscal deficit reduction is based on “over-optimistic and unrealistic growth assumptions”—that’s diplomat-speak for “Are you outta your fucking mind?” The second sentence tears apart U.S. GDP growth projections for 2010 and 2011, both the U.S. government’s, and that of leading U.S. economists.
U.S. debt reduction is the big bugaboo of the Chinese—it permeates everything they write about America. They see it as an “imbalance” that will eventually affect all of the world’s economies. They think that American government claims that the deficit will be reduced by 50 percent by 2012 are “not entirely realistic”—again, diplomatic politesse that masks a real contempt for American self-deception.
The Chinese are really exasperated that the U.S. does not seem to have the political will to tackle the enormous deficit. They do not think that the U.S. can achieve fiscal deficit reduction by spending cuts alone—they see the need to increase fiscal revenues. They worry that the U.S. fiscal deficit—which they believe will deteriorate in the medium term—will lead to increase interest rates.
Most crucial of all, they see the U.S. failure to take concrete policy steps to curb the deficit as having a greater impact on the world’s economies than any trade issues American officials might be bitching about. It’s hard for a third-party observer to disagree with this assessment.
Furthermore, the Chinese point out—sensibly—that the U.S. talks about increasing exports and reducing dependence on consumption—but the U.S. makes no mention of concrete steps as to how to achieve this, besides talk of “reducing foreign barriers to trade”. The most striking point here is, the Chinese view as “misdirected” the U.S.’s blaming foreign trade barriers for America’s failure to export. Again, third-party observer says? Score for China.
Though they superficially laud the financial reform package the Obama administration recently passed, the Chinese are very worried about the TBTF banks, Freddie Mac and Fannie Mae. They think that the U.S. government has no exit strategy for its meddling in the financial system, or a clear directive as to the role of the intervened institutions in the financial system, or how they will be regulated. (Yes, I can see the irony: The Chinese genuinely worried about America’s meddling in its financial institutions. WTF?)
Finally, they characterize both the U.S. government’s fiscal policy and the Federal Reserve’s monetary policy as “doubly-slack”. They wonder how the U.S. will ever fix its trade deficits and fiscal deficits, if both the government and the Fed are—to their eyes—asleep at the wheel.
In other words, they don’t see the Fed’s and the government’s bailouts and stimuli (TARP, QE, and all the rest of it) as heroic measures that saved the system—they view the bailouts as policy weakness: Gymnastics that kicked the can down the road, but didn’t solve anything. Which, again, seems accurate: It was easier to save Fannie and Freddie and the Too Big To Fail banks, rather than letting them fail and going through the painful process of cleaning and purging the system.
Bottom line: They don’t see either the Federal government or the Federal Reserve actually implementing concrete steps to achieve medium- to long-term solutions to the problems at hand, especially deficit reduction. And this makes them really nervous.
[…] the Chinese think America is a basket case—and they’re worried about a spike in interest rates crashing the American house of cards. Furthermore, they have a palpable contempt for American policy slovenliness—they don’t like the American self-deception, or their habit of blaming everyone but themselves, or their habit of outlining broad policy goals yet doing absolutely nothing to achieve them.

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Obama Presidency Is An Economic Disaster

Today, Obama declared that his administration has “stopped the bleeding” and “stabilized the economy.”
What planet does he live on? Every economic indicator points to his 19-month presidency as being an unmitigated economic disaster for America.
First, Obama has accomplished the signal feat of adding more to the U.S. national debt — an increase of $2.526 trillion to a total of $8.833 trillion — than all presidents from Washington through Reagan combined.
As reported by Terence P. Jeffrey of CNSNews on September 8, 2010, at the end of fiscal year 1989, which ended 8 months after President Reagan left office, the total federal debt held by the public was $2.1907 trillion, according to the Congressional Budget Office. That means all U.S. presidents from George Washington through Ronald Reagan had accumulated only that much publicly held debt on behalf of American taxpayers.
When Obama took the oath of office on Jan. 20, 2009, the total federal debt held by the public stood at 6.3073 trillion, according to the U.S. Treasury Dept’s Bureau of the Public Debt. As of Aug. 20, 2010, after 19 months in office, the Obama administration managed to accumulate $8.833 in total federal debt, an increase of $2.5260 trillion.
Nor is this Bush’s fault. In just the last 4 months (May through August), according to the CBO, the Obama administration has run cumulative deficits of $464 billion, more than the $458 billion deficit the Bush administration ran through the entirety of fiscal 2008.
The first two fiscal years in which Obama has served will see the two biggest federal deficits as a percentage of Gross Domestic Product since the end of World War II of 9.9% and 9.1%, respectively.
If that doesn’t grab your attention, how about this: The U.S. national debt is now more than all the money in the world!
Kevin Williamson of NationalReview.com informs us, on September 9, that our national debt is between $70 trillion and what some say is the real national debt of $130 trillion.
Even the lower end figure of $70 trillion means the U.S. debt exceeded more than all the money in the world. In 2008, the entire supply of money in the world (“broad money,” i.e., global M3, meaning cash, consumer-account deposits, checkable accounts, CDs, long-term deposits, travelers’ checks, money-market funds, the whole enchilada) was estimated to be just under $60 trillion.
Our third and last economic indicator is the number of poor Americans. Under Obama, America’s poverty rate has gone from 13.2% to 15%.
Hope Yen and Liz Sidoti of the Associated Press report on September 12, 2010 that the number of people in the U.S. who are in poverty is on track for a record increase on Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
Census figures for 2009 — the recession-ravaged first year of Obama’s presidency — are to be released in the coming week, and demographers expect grim findings. Interviews with six demographers who closely track poverty trends found wide consensus that 2009 figures are likely to show a significant rate increase from 13.2% to the range of 14.7% to 15%.
Should those estimates hold true, some 45 million people in this country, or more than 1 in 7, were poor last year. It would be the highest single-year increase since the government began calculating poverty figures in 1959. The all-time high was 22.4% in 1959, the first year the government began tracking poverty. It dropped to a low of 11.1% in 1973 after Johnson’s war on poverty but has since fluctuated in the 12-14% range.
Demographers also expect the report will show:

  • Child poverty increased from 19% to more than 20%.
  • Blacks and Latinos were disproportionately hit, based on their higher rates of unemployment.
  • Metropolitan areas that posted the largest gains in poverty included Modesto, Calif.; Detroit; Cape Coral-Fort Myers, Fla.; Los Angeles and Las Vegas.

Hispanics and blacks — traditionally solid Democratic constituencies — could be inclined to stay home in November if, as expected, the Census Bureau reports that many more of them were poor last year.
Experts say a jump in the poverty rate could mean that the liberal viewpoint — social constraints prevent the poor from working — will gain steam over the conservative position that the poor have opportunities to work but choose not to because they get too much help.
In 2008, the poverty level stood at $22,025 for a family of four, based on an official government calculation that includes only cash income before tax deductions. It excludes capital gains or accumulated wealth. It does not factor in noncash government aid such as tax credits or food stamps, which have surged to record levels in recent years under the federal stimulus program.
Beginning next year, the government plans to publish new, supplemental poverty figures that are expected to show even higher numbers of people in poverty than previously known. The figures will take into account rising costs of medical care, transportation and child care, a change analysts believe will add to the ranks of both seniors and working-age people in poverty.
H/t beloved fellows Steve, Igor, and Anon!

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